Business ethics refers to the principles and standards that guide behavior in the world of business. It encompasses the moral values and norms that individuals and organizations are expected to follow in their commercial activities. Business ethics addresses issues such as corporate governance, insider trading, bribery, discrimination, and environmental sustainability, ensuring that businesses operate fairly, transparently, and responsibly.
It serves as a framework for evaluating behavior and decision-making within a business context, helping to establish a culture of integrity and accountability. Organizations often develop codes of ethics or conduct to outline expected ethical practices and to foster a positive reputation among employees, stakeholders, and the broader community. Overall, business ethics plays a crucial role in maintaining trust and social responsibility in the marketplace.
Elon Musk faces scrutiny over potential conflicts of interest between his private ventures, like SpaceX and Starlink, and U.S. government connections. The Campaign Legal Center filed a complaint with the…